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This is a truly massive fine by any measure. First of all you’re looking at global revenue and not just France, which can’t be more than 10%. Second you’re loo
by zaroth 5y ago
This is a truly massive fine by any measure.
First of all you’re looking at global revenue and not just France, which can’t be more than 10%. Second you’re looking at revenue from all sources, and here we’re taking about links just to news sites, which again can’t be more than 10%. So two orders of magnitude at least is $181 billion -> $1.81 billion.
A $500 million fine is likely on the order of 1/3rd of the total annual revenue generated in that market.
- freediver 5y agoIt is massive compared to Google's revenue in France, but Google can pay for the fine using its global revenue. Imagine if you ran 100 lemonode stands and one of them gets fined 1/3rd of its revenue. So you basically got fined 1/300th of your total revenue. It is a blip. >Second you’re looking at revenue from all sources, and here we’re taking about links just to news sites Although I do not think it is relevant for my point, it is worth saying that Google was not fined for "links to news sites", it was fined for failing to comply with a regulatory order to enter negotiations withs news orgs and come to an agreement within three months (paraphrasing). Basically it is being schooled by French authorities in a display of power (curiously, France as a country is 'only' 10x more powerful than Google, economically speaking). What IMO is massive about this though, are the potential future implications for Google at its scale, if this becomes a trend and other types of websites 'unionize' around the 'snippet attribution' or a similar idea.